Cannon Futures Weekly Letter
In Today’s Issue #1230
- President’s Day Modified trading Schedule
- The Week Ahead – FOMC minutes, Housing Starts
- Futures 102 – Options Strategies
- Hot Market of the Week – March Natural Gas
- Broker’s Trading System of the Week – ES intraday System
- Trading Levels for Next Week
- Trading Reports for Next Week
President’s Day Modified Trading Schedule:
Natural Gas Hot Market of the Week + Monday, February 17th is Presidents Day here in the US.
Many markets will close at noon central and some markets are closed.
Click Here for Full Schedule
Important Notices: The Week Ahead
By John Thorpe, Senior Broker
Earnings Next Week:
- Mon. President’s day
- Tue. quiet
- Wed. quiet
- Thu. WMT
- Fri. quiet
FED SPEECHES:
- Mon Quiet
- Tues. Quiet
- Wed. FOMC Minutes pm CST
- Thu. Goolsbee 8:35 am CST
- Fri. Quiet
Economic Data week:
- Mon. Presidents Day
- Tue. Empire state Manu. Index, NAHB Housing index
- Wed. Bldg. Permits, Housing starts, FOMC Minutes
- Thur. Initial Jobless Claims, Philly Fed, CB Leading Index
- Fri. SP PMI, Existing Home sales, Mich. Consumer sentiment
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Futures 102: Options Strategies
Course Overview
Option Strategies are an integral part of a trader’s routine. Learn about common option strategies utilized by traders that express their view of market direction and expected volatility. Some option strategies are designed to mitigate risk while others are designed to profit by accepting risk.
Start Now |
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Hot Market of the Week
Hot market of the week is provided by QT Market Center, A Swiss army knife charting package that’s not just for Hedgers, Cooperatives and Farmers alike but also for Spread traders, Swing traders and shorter time frame application for intraday traders with a unique proprietary indicator that can be applied to your specific trading needs.
March Natural Gas
March Natural Gas is attempting to resume its rally as it challenges the January high. At this point, new sustained highs would project a potential run to the low percentage fourth upside PriceCount objective to the 4.06 area.
PriceCounts – Not about where we’ve been , but where we might be going next!
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The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved. It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com
Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.
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Brokers Trading System of the Week
With algorithmic trading systems becoming more prevalent in portfolio diversification, the following system has been selected as the broker’s choice for this month.
ES NZL
PRODUCT
Mini SP500
SYSTEM TYPE
Day Trading
Recommended Cannon Trading Starting Capital
$36,000
COST
USD 199 / monthly
Get Started
Learn More |
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The performance shown above is hypothetical in that the chart represents returns in a model account. The model account rises or falls by the average single contract profit and loss achieved by clients trading actual money pursuant to the listed system’s trading signals on the appropriate dates (client fills), or if no actual client profit or loss available – by the hypothetical single contract profit and loss of trades generated by the system’s trading signals on that day in real time (real‐time) less slippage, or if no real time profit or loss available – by the hypothetical single contract profit and loss of trades generated by running the system logic backwards on back adjusted data. Please read full disclaimer HERE.
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Trading Levels for Next Week
Daily Levels for February 17/18, 2025
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Trading Reports for Next Week
First Notice (FN), Last trading (LT) Days for the Week:
www.mrci.com
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Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
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